What is the total manufacturing cost assigned to job

Assignment Help Accounting Basics
Reference no: EM131587319

Exercise - Applying Overhead; Computing Unit Product Cost

A company assigns overhead cost to completed jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 shows that $26,317 in direct materials has been used on the job and that $10,300 in direct labor cost has been incurred. A total of 1,550 units were produced in Job 313.

Required -

a. What is the total manufacturing cost assigned to job 313?

b. What is the unit product cost for Job 313?

Reference no: EM131587319

Questions Cloud

Design a class named fan to represent a fan : Design a class named Fan to represent a fan - A private boolean data field named onOff that specifies whether the fan
How does spoofing threaten an e-commerce : 1. How does spoofing threaten an e-commerce site's operations?
How mobile technology is changing the practice of business : Discuss how mobile technology is changing the practice of business communication. Explain how the widespread use of social media has increased the attention.
What is the after-tax cost of debt : Tiny Tots has debt outstanding, currently selling for $860 per bond. What is the after-tax cost of debt?
What is the total manufacturing cost assigned to job : A company assigns overhead cost to completed jobs on the basis of 111% of direct labor cost. What is the total manufacturing cost assigned to job 313
Discuss concept of set-theoretic complete intersection : An affine variety X ? Kq is called a set-theoretic complete intersection if I(X) is a set-theoretic complete intersection.
What is the return and standard deviation of your portfolio : Assuming you invest 30% in the risk free asset and 70% in the risky asset, what is the return and standard deviation of your portfolio?
Prove the degree of the given hilbert series : Prove that the semigroup S = 4N + 5N + 6N is symmetric ? If S = 5N + 6N + 7N + 8N and K is a field, prove that K[S] is a Gorenstein ring.
Provide a description of classes : With your words, provide a description of classes, methods and properties. In your description, be sure to provide at least one example for each class

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sandran inc has been in operation for 3 years and uses the

sandran inc. has been in operation for 3 years and uses the fifo method of pricing inventory. during the fourth year

  What is brazels ending wip balance

What is Brazel's endingWIP balance?

  What is the companys gross profit ratio

The following information is available from the records of the company's periodic inventory system: beginning inventory, $150,000; purchases and net sales from the beginning of the year through the date of the flood, $450,000 and $700,000, respective..

  Explain to your friend whether each of the numbered items

your friend dean has hired you to evaluate the following internal control procedures.a explain to your friend whether

  Prepare a table with the given column headings

In January 2011, Keona Co. pays $2,800,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place.

  Calculate the net benefit

Calculate the net benefit (cost) to HP of outsourcing the component from Samina-SCI.

  Monthly loan payment deduction

Monthly loan payment deducted directly by the bank from the account (includes $320 in interest) (3320)

  Balance on the debtors account

During a three month period a business made sales of $69200 plus vat at 17.5% the balance on the debtors account at the start ofthe period was $5329 and at the end of the period $4711.

  Economical than a comprehensive analysis

Incremental analysis is considered to be more economical than a comprehensive analysis, while being just as effective. Do you agree or disagree?

  To help pay for construction 880000 was borrowed at 10 on

bass corporation constructed assets costing 2000000. the weighted-average accumulated expenditures on these assets

  Hatch company has two divisions o and e during the year

hatch company has two divisions o and e. during the year just ended division o had a segment margin of 9000 and

  Prepare the journal entry to record the hale companys

withholdings from the employees salaries include fica ss taxes at a rate of 6.2 fica medicare taxes at a rate of 1.45

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd